The Fair Share Report
321 E 3rd St
Moorestown, NJ 08057
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $376,380 – $598,494, from 12 comparable Moorestown sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Moorestown assessments sit below market value — republished every October, applied town-wide. A $507,303 home should be assessed near $311,687.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,087 below what the ratio math suggests (15.7%).
Step 4 · The tax rate — same for every Moorestown home
$1.871 Schools · 67% $0.489 County · 17% $0.453 Town · 16%
Step 5 · The bill
This home vs. every recent Moorestown sale · assessed ÷ market
35%76%
Paying about right
This home's ratio lands inside Moorestown's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 3 OVERBROOK CIR | 2025-06 | $425,000 | 1,892 | 69.0% |
| 300 W WALNUT AVE | 2025-03 | $560,000 | 1,824 | 45.2% |
| 1 CIRCLE DR | 2025-09 | $785,000 | 2,127 | 49.3% |
| 604 N CHURCH ST | 2025-09 | $320,934 | 1,623 | 63.1% |
| 15 CIRCLE DR | 2026-03 | $559,000 | 1,825 | 43.0% |
| 25 MINDY DRIVE | 2026-02 | $500,000 | 2,306 | 59.5% |
| 25 MINDY DRIVE | 2026-02 | $425,000 | 2,306 | 70.0% |
| 523 E 2ND ST | 2025-03 | $649,900 | 1,953 | 57.1% |
| 614 WINDSOR PL | 2025-09 | $610,000 | 1,858 | 49.1% |
| 405 S WASHINGTON AVE | 2025-01 | $590,000 | 2,069 | 53.5% |
| 347 W 3RD ST | 2025-05 | $850,000 | 2,060 | 34.7% |
| 121 COTTAGE AVE | 2025-05 | $420,000 | 1,836 | 56.8% |
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